Fundology

ETF · iShares

AXEE iShares Asia ex Japan Equity Enhanced Active UCITS ETF

ISIN IE000D5R9C23London Stock Exchange: AXEEBlackRock, Inc.

Latest close

LSE

£6.01

on

Ongoing charge
0.30% a year
Fund size
£72.8m

As of , at least 15 min delayed

At a glance

As of 13/11/2026, AXEE (iShares Asia ex Japan Equity Enhanced Active UCITS ETF, ISIN IE000D5R9C23) closed at £6.01 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the year to 13/11/2026 its total return was +17.4%, or +13.2% after UK CPIH inflation.

Past returns

Total return: the change in the fund’s value with any income reinvested, after its ongoing charges. Periods to .
1 year to 13/11/2026
+17.4%
+13.2% after inflation

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH

Calendar-year and 12-month returns

Calendar-year returns of iShares Asia ex Japan Equity Enhanced Active UCITS ETF in pounds (price, with income reinvested in the fund): 2025 +27.2%; 2026 to 13/11/2026 +14.7%. Returns of iShares Asia ex Japan Equity Enhanced Active UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +33.6%; to 30/09/2025: +21.2%.

Calendar-year returns of AXEE, in pounds (price, with income reinvested in the fund), to 13/11/2026
YearReturnAfter inflationReturn shown as a bar
to +14.7%+11.1%
to +27.2%+22.8%
Returns of AXEE over 12-month periods to 30/09/2026, in pounds (price, with income reinvested in the fund)
12 months toReturnAfter inflation
from +33.6%+28.8%
from +21.2%+16.5%

As of , inflation: UK CPIH

How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing

Risk: volatility and largest fall

How far the price has swung and fallen. The same record as the returns, in pounds.

Volatility (annualised)

21.8%over 1 year

Annualised from weekly returns. Higher means bumpier.

Largest fall since August 2024
−16.7%
From to
Lowest 12-month return
+14.9%
12 months to
Highest 12-month return
+64.7%
12 months to
Below its highest weekly close since August 2024
14.6%
High of , latest

In words: Volatility of iShares Asia ex Japan Equity Enhanced Active UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 21.8% over 1 year. Largest fall in the price of iShares Asia ex Japan Equity Enhanced Active UCITS ETF since August 2024, in pounds: −16.7% from 19/06/2026 to 06/11/2026. The lowest 12-month return of iShares Asia ex Japan Equity Enhanced Active UCITS ETF in pounds (price, with income reinvested in the fund) since August 2024 was +14.9% (12 months to 06/11/2026); the highest was +64.7% (12 months to 19/06/2026). On 13/11/2026 the price of iShares Asia ex Japan Equity Enhanced Active UCITS ETF was 14.6% below its highest weekly close since August 2024 (19/06/2026), in pounds.

As of , price, with income reinvested in the fund

How we work it out:Risk figuresFallsVolatilityLargest fall

Charges compared with similar funds

The ongoing charge is taken from the fund’s value every day, so the returns on this page are already after it. Platform and dealing fees are charged separately.
Ongoing charge
0.30%
a year
On £10,000
£30
a year, roughly
Over five years
£149
of £10,000, before growth
Among 109 Japan and Asia Pacific share funds, share classes counted once
  • 65 charge less
  • 5 the same
  • 38 charge more

Ongoing charge of iShares Asia ex Japan Equity Enhanced Active UCITS ETF 0.30% a year. Compared on 14/11/2026, 38 of the 108 other Japan and Asia Pacific share funds charge more, 5 the same and 65 less (share classes counted once).

As of

A lower charge is not a promise of a higher return: what the fund holds matters more.

Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up

In plain English

iShares Asia ex Japan Equity Enhanced Active UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2024.

It tracks the No Underlying Index.

You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.

Its ongoing charge is 0.3% a year — about £30 a year on every £10,000 invested, taken from the fund's value rather than billed to you.

Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Japan & Asia Pacific: Companies in Japan, Australia, Hong Kong, Singapore and the wider Pacific region.

Terms:ETFUCITSAccumulating or incomeShare classISIN

Key facts

Ticker
AXEE
ISIN
IE000D5R9C23
Also listed as
AZEH (Xetra, euros)
Provider
iShares
Tracks
No index — the manager chooses the holdings
Structure
ETF
An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
Income
Accumulating
Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Ongoing charge
0.30% a year · about £30 on £10,000
Fund size
£72.8m
Launched
Domicile
Ireland
UK reporting fund status
Yes — on HMRC’s list of reporting funds (list of )
Reporting fund since . What reporting fund status means
Can usually be held in
ISA and SIPP
Check with your platform: each decides which funds it offers.
Currency hedged
No
Price currency
Pounds (GBP)

Price chart

Closing price
£6.01+15.1% over 1 year · closing price
AXEE closing price: £5.22 on 14/11/2025, £6.01 on 13/11/2026 (+15.1%); low £5.00, high £7.04.

Over the last year, the closing price went from £5.22 on 14/11/2025 to £6.01 on 13/11/2026 (+15.0%). The lowest close shown was £5.00 on 21/11/2025 and the highest £7.04 on 19/06/2026.

One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.

As of , at least 15 min delayed

Five years of prices, and after inflation

119 weekly closes, from 02/08/2024 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.

Create a free account to see the 5-year price chart and the after-inflation chart

Sign-up takes an email address. There is no card to enter and nothing to pay.

How we work it out:Prices and returnsNAV and price

What it holds

As of , AXEE holds 336 positions, according to its published holdings. The largest is TSMC at 9.65% of the fund; the ten largest make up 48.9%.
Holdings
323
336 reported in all
Ten largest
48.9%
of the whole fund
Effective number of holdings
29
As concentrated as this many equal-sized holdings (how it is worked out)
Largest holding
9.7%
TSMC

Top 10 holdings

Top holdings of AXEE: the ten largest, as a percentage of the whole fund, as of 06/11/2026
Rank#HoldingWeight as a percentage of the fund
1TSMC2330Information Technology9.65%
2Blk Ics US Treas Agency DisCash and derivatives9.27%
3Cash and other net assets6.98%
4Samsung Electronics005930Information Technology6.72%
5SK hynix000660Information Technology5.16%
6Tencent700Communication Services3.63%
7Alibaba GroupBABAConsumer Discretionary2.35%
8MediaTek2454Information Technology1.89%
9Hon Hai Precision Industry2317Information Technology1.63%
10DBS GroupD05Financials1.62%

As of , holdings as published

Where it invests

The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

By sector

  1. Information Technology39.5%
  2. Financials16.5%
  3. Cash and derivatives16.3%
  4. Consumer Discretionary7.0%
  5. Communication Services6.8%
  6. Industrials4.6%
  7. Health Care3.4%
  8. Energy1.8%
  9. Other sectors4.2%
As published for the fund, as of 06/11/2026.

By country

  1. Taiwan29.0%
  2. China24.6%
  3. South Korea19.3%
  4. Cash and derivatives16.3%
  5. Hong Kong4.2%
  6. Singapore3.2%
  7. Thailand1.8%
  8. Other1.6%
As published for the fund, as of 06/11/2026.

By type of asset

  1. Equity83.8%
  2. Cash and money market16.2%
Added up from the fund’s published holdings, as of 06/11/2026.

See the full portfolio

Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .

All 323 holdings of AXEE

More of the portfolio

The fund publishes 336 holdings; the ten largest make up 48.9% of it. The fund's portfolio is also split by currency.

Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns

Sign-up takes an email address. There is no card to enter and nothing to pay.

Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured

Risk and return in depth

Ratios that weigh return against its ups and downs, every rolling period rather than a few fixed ones, and each large fall with how long it took to recover.
  • Sharpe, Sortino and Calmar ratios

    Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.

    With a free account
  • Rolling returns

    The full range of 67 rolling 12-month returns since August 2024, in pounds, with how often they were above zero.

    With a free account
  • Largest falls and recoveries

    The 3 largest falls since August 2024, in pounds, with how many weeks each took to reach its low and to recover.

    With a free account

Create a free account to see the risk ratios, every rolling return and each large fall and its recovery

Sign-up takes an email address. There is no card to enter and nothing to pay.

  • Rank among similar funds

    Rank by total return over 1 year among up to 73 Japan and Asia Pacific share funds, not currency-hedged, highest first.

    Pro
  • Moves compared with a similar fund

    Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 13/11/2026 (115 weeks).

    Pro

Pro — currently by invitation

Pro includes the rank among similar funds and moves against a comparable fund

Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].

Questions people ask

What is the ongoing charge of AXEE?

The ongoing charge of AXEE is 0.30% a year — about £30 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares Asia ex Japan Equity Enhanced Active UCITS ETF 0.30% a year. Compared on 14/11/2026, 38 of the 108 other Japan and Asia Pacific share funds charge more, 5 the same and 65 less (share classes counted once).

Is AXEE accumulating or distributing?

AXEE is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

What is the ISIN of AXEE?

The ISIN of AXEE is IE000D5R9C23. An ISIN identifies one exact share class of a fund; AXEE is its ticker on the London Stock Exchange. The same share class is also listed as AZEH (Xetra, euros).

What does AXEE hold?

As of 06/11/2026, AXEE holds 336 positions, according to its published holdings. The largest is TSMC at 9.65% of the fund; the ten largest make up 48.9%. Its ten largest holdings are TSMC (9.65%), Blk Ics US Treas Agency Dis (9.27%), Cash and other net assets (6.98%), Samsung Electronics (6.72%), SK hynix (5.16%), Tencent (3.63%), Alibaba Group (2.35%), MediaTek (1.89%), Hon Hai Precision Industry (1.63%) and DBS Group (1.62%).

What were AXEE’s returns in each of the last five years?

Calendar-year returns of AXEE in pounds (price, with income reinvested in the fund): 2025 +27.2%; 2026 to 13/11/2026 +14.7%. Past performance is not a guide to future returns.

How has AXEE done after inflation?

Over the year to 13/11/2026 AXEE’s total return was +17.4%, or +13.2% after UK CPIH inflation. Past performance is not a guide to future returns.

Similar funds

More Japan and Asia Pacific share funds, largest first. Size is a fact, not a verdict.

Fund documents and methods

Fund documents
Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )

Methodology:ReturnsCategoriesAll methods

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